[***] CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH
RESPECT TO THE OMITTED PORTIONS.

Exhibit 10.60

[Translation]

Assets Transfer Agreement

This assets transfer agreement ("this Agreement") is made between and by the following parties in Beijing on August 18, 2000.

|Party A: |  | Hainan Xinhuangpu Investment Co., Ltd.                                                      
|-------- |  | --------------------------------------------------------------------------------------------
|Address: |  | Floor 16, Huaneng Mansions, No. 36 Datong Road, Haikou, Hainan                              
|Party B: |  | UTStarcom (China) Co., Ltd.                                                                 
|Address: |  | 11th Floor, CNT Manhattan Building, No. 6 Beidajie, Chaoyangmen, Dongcheng District, Beijing

WHEREAS
Party A agrees to assign to Party B the assets concerned to Party B and Party B agrees to accept the said assets; therefore, the parties reach the following agreement through
friendly consultations:

ARTICLE 1

Party
A agrees to assign the assets listed in Attachment I of this Agreement, and Party B agrees to accept the foregoing assets.

ARTICLE 2

The
parties agree that Party A will complete all the procedures necessary for the transfer of the assets listed in Attachment I hereto from Party A to Party B within
[***] upon execution of this Agreement (excluding the day of execution for this Agreement), which include but are not limited to the hand-over of certification of
ownership for such assets and the handling of registration procedures (if applicable).

ARTICLE 3

Party
B will pay Party A an assignment fee of [***] for the assets assigned by Party A.

ARTICLE 4

The
parties agree that the title of the assets listed in Attachment I hereto will be transferred to Party B on the [***] upon execution of this Agreement.
Party A shall be responsible for all the liabilities and risks involving the title transfer of the assets listed in Attachment I hereto prior to such transfer (no matter such liabilities and risks are
claimed before or after the transfer of such title), for which Party B shall bear no liabilities and obligations. In case Party B does not receive the foregoing assets within
[***] upon execution of this Agreement, Party A shall compensate in [***].

ARTICLE 5

Representation and Guarantee



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ARTICLE 6

Liability for Breach of Agreement

ARTICLE 7

Settlement of Dispute

Any
dispute arising out of or in connection with this Agreement shall be settled by the parties through consultations. If it cannot be settled through consultations, any party may
submit the said dispute to China International Economic and Trade Arbitration Commission for arbitration in Beijing according to its valid rules of arbitration. The arbitration award is final and
shall be binding over the parties.

ARTICLE 8

Force Majeure

A
force majeure event refers to any event that cannot be foreseen and its occurrence and consequences cannot be avoided or overcome at the time when this Agreement is executed. Any
party to this Agreement shall not bear the liabilities for breach of this Agreement if it is prevented from implementing all or any part of the responsibilities associated with the provisions of this
Agreement.
The party that is affected with such a force majeure event shall notify the other party of the effects of such event within [***] after its occurrence, and present
certification by the local notarization organ.

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ARTICLE 9

Transfer of Agreement

No
party shall transfer its rights and obligations under this Agreement to any third party unless consented by the other party in writing.

ARTICLE 10

Separability of Agreement

If
any article or section of this Agreement becomes invalid or unenforceable, it will not affect the validity and enforceability of other articles or sections.

ARTICLE 11

Amendment and Supplement of Agreement

The
parties may amend or supplement this Agreement in writing. The amendment and supplement to this Agreement shall constitute an inseparable part of this Agreement and be equally
authentic to this Agreement.

ARTICLE 12

Miscellaneous

12.1 This
Agreement shall come to force upon execution by the authorized representatives of the parties and fixation of their official seals as of the date first seen
in this Agreement.

12.2 This
Agreement has two original copies, of which each party holds one, and they are equally authentic.

3

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| |  | Party A: Hainan Xinhuangpu Investment Co., Ltd.     
| |  | ----------------------------------------------------
| |  | (Official Seal)                                     
| |  | Authorized Representative: Xue Weibin               
| |  | (Signature)                                         
| |  | Party B: UTStarcom (China) Co., Ltd.
(Official Seal)
| |  | Authorized Representative:                          
| |  | (Signature)                                         

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Translation Verification

The foregoing represents a fair and accurate English translation of the original Chinese document.

Dated:
May 11, 2001

| |  | By:    |  | /s/SHAO-NING J. CHOU                                                  
| |  | ------ |  | ----------------------------------------------------------------------
| |  | Name:  |  | Shao-Ning J. Chou                                                     
| |  | Title: |  | Executive Vice President and Chief Operating Officer, China Operations

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Attachment I  List of Assets for Assignment

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[***]

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